The Malta Stock Exchange (MSE) has announced that it plans to launch remote trading facilities for stockbrokers within the next three months. When the service is operational, brokers will no longer have to be present at the exchange in order to trade. Instead they can choose to operate a terminal in their offices that is linked to the exchange's server via a secure connection.
MSE General Manager, Mark Guillaumier, told the Maltese press that the system 'will be more convenient for both investors and brokers [and] also help to increase liquidity in the market.' He added that the stockbrokers had welcomed the new service, saying that they are 'gearing themselves up to make use of the system when it is launched.'
Mr Guillaumier claimed that remote trading would be more convenient for investors and expects the next logical step is to trade over the Internet. He noted: 'I personally believe that brokers could use secure Internet connections to link to their clients. In this way investors would be able to place their trades from home, which will then be verified by the broker, who in turn will place the trade on the MSE.'
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